Shares of First Defiance Financial (NASDAQ:FDEF) have received an average broker rating score of 2.67 (Hold) from the three analysts that cover the stock, Zacks Investment Research reports. Two equities research analysts have rated the stock with a hold rating and one has issued a buy rating on the company.
Brokerages have set a 12 month consensus price target of $31.75 for the company and are forecasting that the company will post $0.61 EPS for the current quarter, according to Zacks. Zacks has also assigned First Defiance Financial an industry rank of 158 out of 256 based on the ratings given to its competitors.
A number of analysts recently issued reports on FDEF shares. ValuEngine downgraded shares of Zumiez from a “hold” rating to a “sell” rating in a report on Tuesday, July 2nd. BidaskClub downgraded shares of Weyco Group from a “sell” rating to a “strong sell” rating in a report on Saturday, July 13th. Finally, Zacks Investment Research upgraded shares of General Moly from a “sell” rating to a “hold” rating in a report on Thursday, July 11th.
Several institutional investors and hedge funds have recently made changes to their positions in the company. New York State Common Retirement Fund increased its stake in shares of First Defiance Financial by 43.4% in the fourth quarter. New York State Common Retirement Fund now owns 34,998 shares of the savings and loans company’s stock worth $858,000 after buying an additional 10,598 shares during the period. BlackRock Inc. increased its stake in shares of First Defiance Financial by 0.9% in the fourth quarter. BlackRock Inc. now owns 2,158,710 shares of the savings and loans company’s stock worth $52,909,000 after buying an additional 19,135 shares during the period. Bank of New York Mellon Corp increased its stake in shares of First Defiance Financial by 1.3% in the fourth quarter. Bank of New York Mellon Corp now owns 128,960 shares of the savings and loans company’s stock worth $3,161,000 after buying an additional 1,619 shares during the period. Citigroup Inc. increased its stake in shares of First Defiance Financial by 17.3% in the fourth quarter. Citigroup Inc. now owns 6,499 shares of the savings and loans company’s stock worth $159,000 after buying an additional 958 shares during the period. Finally, Geode Capital Management LLC increased its stake in shares of First Defiance Financial by 4.9% in the fourth quarter. Geode Capital Management LLC now owns 243,882 shares of the savings and loans company’s stock worth $5,977,000 after buying an additional 11,349 shares during the period. Hedge funds and other institutional investors own 63.97% of the company’s stock.
Shares of First Defiance Financial stock traded up $0.18 during trading hours on Tuesday, reaching $27.35. The company’s stock had a trading volume of 2,252 shares, compared to its average volume of 56,719. First Defiance Financial has a one year low of $22.78 and a one year high of $33.74. The stock has a market cap of $537.76 million, a P/E ratio of 12.27 and a beta of 0.98. The business has a fifty day simple moving average of $27.70. The company has a quick ratio of 0.98, a current ratio of 0.99 and a debt-to-equity ratio of 0.23.
First Defiance Financial (NASDAQ:FDEF) last released its quarterly earnings results on Monday, July 22nd. The savings and loans company reported $0.61 earnings per share for the quarter, beating analysts’ consensus estimates of $0.57 by $0.04. First Defiance Financial had a net margin of 27.21% and a return on equity of 11.51%. The company had revenue of $39.48 million for the quarter, compared to analyst estimates of $39.58 million. As a group, equities analysts forecast that First Defiance Financial will post 2.36 earnings per share for the current year.
About First Defiance Financial
First Defiance Financial Corp. operates as a unitary thrift holding company that provides community-based financial services in northwest Ohio, northeast Indiana, and southeastern Michigan. It offers checking accounts, money market accounts, savings accounts, term certificate accounts, demand deposits, and certificates of deposits, as well as certificate of deposit account registry service; and commercial real estate, commercial, consumer finance, 1-4 family residential real estate, construction, and home equity and improvement loans.
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